Odaily reports that Bankless founder David Hoffman posted on X platform stating that the CFTC has approved perpetual contracts tied to individual stocks, expected to launch on the 4 exchanges that previously submitted related applications. The four exchanges are KalshiEX LLC, Coinbase Derivatives, Bitnomial (Kraken), and Nadex/OG.com (Crypto.com).All four exchanges meet the following conditions:1. Already registered with the CFTC as exchanges;2. Possess Designated Contract Market (DCM) status, with trades cleared through registered Derivatives Clearing Organizations (DCOs);3. Simultaneously registered with the U.S. Securities and Exchange Commission (SEC);4. All previously submitted listing approval applications for stock perpetual contracts.Hoffman also stated that Lighter has confirmed it will submit an application to the CFTC this month, and it is likely to become the fifth exchange on this list, as well as the only decentralized contract exchange.Previous reports indicated that the U.S. Commodity Futures Trading Commission (CFTC) has approved perpetual contracts tied to U.S. individual stocks, allowing such products to be listed and traded on regulated U.S. exchanges for the first time. This means U.S. investors will be able to trade single-stock perpetual contracts through regulated markets, further expanding the intersection between traditional equities and crypto derivatives markets.

Odaily reports that Bankless has published a discussion on the controversy surrounding Zcash's development fund surplus, noting that the Zcash development funding program's fund size continues to expand, with net funds currently estimated at approximately $125 million, far exceeding current spending needs. Zcash co-founder and current Tachyon lead Sean Bowe has proposed a draft suggesting that the 8% block reward currently allocated to ZCG be terminated in a future network upgrade.Regarding the development funding mechanism, four proposals have emerged in the community, involving terminating ZCG grants, abolishing the entire development fund allocation mechanism, or gradually reducing the allocation ratio to zero. Supporters argue that the current mechanism causes funds to accumulate continuously as the ZEC price rises, yet ZCG is not directly controlled by token holders; opponents worry that cutting development funding without an alternative could affect the protocol's ongoing development and maintenance. All proposals are currently still under discussion and have not yet been finalized.

Odaily reports: Bankless founder David Hoffman posted on X that a batch of tokens he refers to as "2017-era Bitcoin clone coins" have recently gained momentum again. Among them, PRL rose 30% this week, with a fully diluted valuation (FDV) of approximately $4.2 billion; QTC rose 300% this month, with a valuation of approximately $1.8 billion based on a total supply of 21 million tokens.David Hoffman believes that what is noteworthy is that such tokens, which adopt a fixed supply cap of 21 million, are now commanding multi-billion-dollar valuations.

Odaily reports: Bankless founder David Hoffman reposted Lighter's regulatory update on X and wrote: "Lighter season back on btw."During Lighter's Q3 investor call held last night via webcast, David Hoffman, speaking as an investor, asked: "Given that Lighter has already had extensive prior communication with the CFTC (U.S. Commodity Futures Trading Commission), do you expect the approval of the DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses to come earlier than the CFTC's stipulated 180-day review period?"Lighter founder and CEO Vladimir Novakovski responded: "We believe that the extensive prior communication will make the whole process much smoother... The CFTC currently has a lot on its plate, so we can't give an exact timeline yet... However, the CFTC is a fast-moving team internally, so we expect the overall approval process to go relatively smoothly."Previously, David Hoffman reportedly sold all his ETH and rotated into tokens such as LIT, ZEC, and NEAR, with the rotated tokens subsequently significantly outperforming ETH.

Odaily: Bankless founder David Hoffman posted: "You thought ZEC's rally was over? ZEC's gains this cycle will reach 10% of BTC's, and next cycle it could reach 25%."

According to Odaily, a Satoshi-era address moved 100.02 BTC worth $8.55 million after 16 years of dormancy. Bankless co-founder David Hoffman suggested that the transfer may be intended as preparation against quantum attacks.

Odaily News: Bankless founder David Hoffman posted on X platform that if Bitcoin's daily closing price rises above $86,600, it would release a strong signal; if it further rises above $87,400, it would be an "astronomically bullish" signal.

Odaily News: Bankless co-founder David Hoffman shared stock trading information for ZEC treasury company Cypherpunk Technologies on X, stating that CYPH has hit another all-time high and that his recent investment performance has been strong.According to the trading information he shared, David Hoffman has achieved nearly 5x returns since buying CYPH in June.

Odaily reports that David Hoffman, founding partner of Bankless Ventures, posted that the crypto market occasionally sees a single asset concentratedly absorbing capital transfers from Bitcoin holders. ETH exhibited a similar pattern in 2021, and ZEC in 2026 is becoming a new consensus allocation target for some Bitcoin capital.Hoffman stated that ZEC's market cap has risen from approximately $200 million to around $26 billion, but remains small compared to Bitcoin's market cap of roughly $1.7 trillion. It would only take convincing a small portion of Bitcoin holders to allocate a modest amount to ZEC to potentially generate sustained buying pressure. Additionally, he believes NEAR is absorbing the relatively weaker "smart contract buying pressure" in 2026.

Odaily News: Bankless co-founder David Hoffman posted on X, stating, "We are now in altcoin season, and the real market moment is coming sooner than expected." It is reported that David Hoffman announced the liquidation of his ETH holdings on May 21, and subsequently bought VVV, NEAR, ZEC, HYPE, and LIT, all of which have significantly outperformed ETH.